The Council shall levy annually outside of the eight and three-quarters mill limitation hereinafter provided, but subject to the ten mill limitation imposed by the Constitution and laws of the State of Ohio, such tax as may be necessary to pay the interest on and the principal of all notes and bonds heretofore or hereafter issued in anticipation of the levy and collection of special assessments which the Municipality is obligated to pay.
Except as hereinabove provided, the aggregate amount of taxes that may be levied by the Council without a vote of the people on property assessed and listed for taxation according to value for all purposes of the Municipality, shall not exceed in any one year eight and three-quarters mills for each one dollar of assessed valuation. Of said total maximum levy, an amount shall annually be levied sufficient to pay the interest, sinking fund and retirement charges on all notes and bonds of the Municipality heretofore or hereafter issued without the authority of the electors which are payable from general taxes, except special assessment notes and bonds, which levy shall be placed before and in preference to all other levies and for the full amount thereof. Of the remaining portion of said total maximum levy, a levy not to exceed one-half of a mill shall be made for the purpose of acquiring or improving parks, playgrounds and other recreational facilities having an estimated useful life of five years or more, the unexpended proceeds of which levy may be accumulated from year to year; and the balance of said total maximum levy not in excess of eight and one-quarter mills may be levied annually for any other lawful municipal purpose including the levy required by law for police and firemen's relief and pension funds.
Additionally, to the above aggregate amount of taxes that may be levied by the Council, without a vote of the people on property assessed and listed for taxation according to value for all purposes of the Municipality, there shall be a levy of one mill for the purpose of Fire Department operations and a levy of a similar one mill for the purpose of Fire Department capital improvements, fire apparatus and equipment, and Fire Department buildings, which shall be levied for each one dollar of assessed valuation, the unexpended proceeds of which levies may be accumulated from year to year.
The limitation of this Charter upon the power of Council to levy taxes shall not operate as a limitation upon the power of Council to levy taxes upon such other subjects and for such other purposes as may be lawful under the Constitution and laws of the State of Ohio, nor shall the authority of Council to submit additional levies to a vote of the people under the authority of the Constitution or laws of the State of Ohio be deemed impaired or abridged by reason of any provision of this Charter. (Amended 11-5-85.)